SAN DIEGO, June 24 /PRNewswire/ -- Lottery Enterprises Inc. (NASDAQ-NMS: LOTO) today announced the initial public offering of 3,500,000 shares of its common stock, priced at $9.00 per share, of which 2,500,000 shares are being offered by the company and 1 million shares are being offered by the company's primary stockholder. Commonwealth Associates is the managing underwriter of the offering. The company also announced that its shares of common stock began trading today in the NASDAQ National Market System under the symbol LOTO.
Lottery Enterprises Inc. designs, manufactures and markets vending terminals for the retail sale of instant-winner lottery tickets. The company's Instant Ticket Retailer terminals are sold or leased to state and provincial governments in the United States and Canada and to foreign governments and their licensees.
-0- 6/24/93
/CONTACT: Roy Gayhart of Lottery Enterprises, 619-569-5266/
(LOTO)

CO: Lottery Enterprises Inc. ST: California IN: SU: OFR

JB-LS -- SD004 -- 5791 06/25/93 13:54 EDT

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